Johnson Controls International PLC (NYSE:JCI) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

Several other research firms have also issued reports on JCI. Wolfe Research initiated coverage on shares of Johnson Controls International PLC in a research note on Tuesday, July 11th. They issued a “market perform” rating for the company. Morgan Stanley reduced their target price on shares of Johnson Controls International PLC from $51.00 to $46.00 and set an “overweight” rating for the company in a research note on Monday, August 7th. ValuEngine lowered shares of Johnson Controls International PLC from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. JMP Securities assumed coverage on shares of Johnson Controls International PLC in a research report on Monday, June 19th. They set an “outperform” rating and a $54.00 price target for the company. Finally, TheStreet upgraded shares of Johnson Controls International PLC from a “c” rating to a “b” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Johnson Controls International PLC presently has a consensus rating of “Buy” and an average target price of $50.43.

Shares of Johnson Controls International PLC (JCI) traded up 0.43% on Friday, hitting $37.05. 4,523,953 shares of the stock were exchanged. The stock’s 50-day moving average is $41.30 and its 200-day moving average is $41.70. Johnson Controls International PLC has a 1-year low of $36.74 and a 1-year high of $48.97. The stock’s market cap is $34.55 billion.

Johnson Controls International PLC (NYSE:JCI) last posted its earnings results on Thursday, July 27th. The auto parts company reported $0.71 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.71. Johnson Controls International PLC had a negative net margin of 0.43% and a positive return on equity of 11.74%. The firm had revenue of $7.67 billion during the quarter, compared to analyst estimates of $7.72 billion. During the same quarter in the prior year, the business posted $1.07 EPS. The business’s revenue was up 48.8% compared to the same quarter last year. Analysts forecast that Johnson Controls International PLC will post $2.61 earnings per share for the current year.

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Several large investors have recently made changes to their positions in JCI. CHICAGO TRUST Co NA increased its stake in shares of Johnson Controls International PLC by 0.5% in the second quarter. CHICAGO TRUST Co NA now owns 7,679 shares of the auto parts company’s stock worth $333,000 after buying an additional 36 shares during the last quarter. First Interstate Bank increased its stake in shares of Johnson Controls International PLC by 0.9% in the second quarter. First Interstate Bank now owns 7,069 shares of the auto parts company’s stock worth $307,000 after buying an additional 62 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in shares of Johnson Controls International PLC by 0.6% in the second quarter. Stanley Laman Group Ltd. now owns 11,410 shares of the auto parts company’s stock worth $495,000 after buying an additional 63 shares during the last quarter. Banced Corp increased its stake in shares of Johnson Controls International PLC by 0.7% in the second quarter. Banced Corp now owns 11,954 shares of the auto parts company’s stock worth $519,000 after buying an additional 84 shares during the last quarter. Finally, River Wealth Advisors LLC increased its stake in shares of Johnson Controls International PLC by 1.1% in the second quarter. River Wealth Advisors LLC now owns 11,070 shares of the auto parts company’s stock worth $480,000 after buying an additional 117 shares during the last quarter. 85.20% of the stock is currently owned by hedge funds and other institutional investors.

Johnson Controls International PLC Company Profile

Johnson Controls, Inc is a technology company. The Company provides products, services and solutions to optimize energy and operational efficiencies of buildings; lead-acid automotive batteries and advanced batteries for hybrid and electric vehicles, and seating and interior systems for automobiles. The Company operates in two segments: Building Efficiency and Power Solutions.

Analyst Recommendations for Johnson Controls International PLC (NYSE:JCI)

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